BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming October 17, 2016 deadline to file a lead plaintiff motion in the class action lawsuit filed on behalf of investors who purchased or otherwise acquired Northern Oil and Gas, Inc. (“Northern Oil” or the “Company”) (NYSE: NOG) securities between March 1, 2013 and August 15, 2016, inclusive (the “Class Period”). Northern Oil investors have until October 17, 2016 to file a lead plaintiff motion.
On August 16, 2016, Northern Oil CEO Michael Reger (“Reger”) was fired after notifying the Company that he had received a Wells Notice from the SEC, announcing their intent to bring an enforcement action against Northern Oil. The Wells Notice comes in response to prior SEC investigations from 2012 that revealed questionable trade patterns in the securities of Dakota Plains Holdings, Inc., a company Reger had invested with back in 2008.
The complaint filed in this lawsuit alleges that investors were damaged by the sharp decline in Northern Oil shares following news of the firing of Michael Reger.
If you purchased Northern Oil shares, you may move the Court no later than October 17, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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